Texas Instruments CFO Sees 1st-Qtr Demand Rising From 4th Qtr
Bloomberg News
February 10, 1999, 7:33 a.m. PT
Texas Instruments CFO Sees 1st-Qtr Demand Rising From 4th Qtr
New York, Feb. 10 (Bloomberg) -- Texas Instruments Inc., the
biggest maker of chips for mobile communications products, sees
demand in the first quarter rising ''modestly'' from the fourth
quarter's, Chief Financial Officer William Aylesworth said.
''This is unusual in our business,'' Aylesworth told more
than 600 money managers attending the Goldman Sachs Technology
Conference in New York. The most growth will come in sales of
digital signal processors, or DSPs, which are used in wireless
phones, and in analog chips, used in phones as well as storage
products such as disk drives.
Aylesworth said the Dallas-based semiconductor maker derived
almost 60 percent of its semiconductor revenue from these
products last year. With demand increasing, Aylesworth said the
company expects to boost its operating margin to about 20
percent, ''our near-term target.''
The TI CFO also said the company wasn't concerned about a
new alliance between rival DSP-maker Analog Devices Inc., and
Intel Corp., the world's biggest chip company.
''There's certainly a lot of competition out there,'' he
said. ''It was pretty clear that Analog Devices had to seek an
alternative in the systems area.''
--David Zielenziger in New York (212) 318-2304 through the
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